Home, Sweet Investment

History and demographics suggest that housing prices will be spared the wrecking ball.

By

Gene Epstein

Updated April 7, 2003 12:01 a.m. ET

By

Gene Epstein

Updated April 7, 2003 12:01 a.m. ET

WILL THE SLUGGISH ECONOMY finally bring that long-anticipated calamity -- the bursting of the housing bubble?

Well, no.

As the story goes, impending bubble-trouble in the housing sector will cause a crash in the purchase price of the more than 5 million to 6 million existing homes that get sold every year. That news will get relayed to the...